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is standing by on the new york stock exchange. nicole: you are seeing back-and-forth action on the dow jones industrials. they do seem to like it because basically it is the fed putting everything on a silver platter here and is giving it to the world and printing more and find more. it is doing that for an extended period. the people on wall street are saying what are they trying it to unemployment rates you saw the market selloff and now regain its footing. you do the qe forever. gold will be something that we should take a look at. the dollar is something that we have watched slipping away. it is continuing to do that. we have seen things and drugs doing well. the dow jones industrials are up they have of a percent for the sixth day in a row. people were thinking that the fed would have a very accommodative sense. one of the things that we should look at is the market is very reactionary. the truth of the matter is they are not pulling anything and they are not raising rates anytime soon because the economy is not sustainable on its own. while you are seeing some minor improvements here a
by the speakers ponied, procedural excuses. they are part of excuses. they expect action. i say to the speaker, this is not a game, it is not scoring political points of putting wins on the board, there will be very serious consequences for many of families if congress fails to compromise. it is time for the speaker to return to the negotiation table ready to compromise. it is time for the house, especially house republicans to remember what is at stake. i repeat. further $50,000 program would pass overwhelmingly in the house. it is up to the speaker to let that occur. melissa: that was harry reid speaking on the floor. he was criticizing speaker boehner. we are waiting for senate authority leader mitch mcconnell to take to the podium and ressond to that. he is up at the podium. we will listen. >> here with the leaders of the democratic party, here in the senate, other than the president, these are the folks with the greatest responsibility for protecting the american people from the tax hike in america. what do they do, they stand in front of the cameras and laugh. they giggled at a bunch of
, that has not happened so far. dagen: relate north korea and this latest action and problems in the middle east. north korea's relationship with iran supplying technology there and does this now take our eye off of, say, just syria? >> it should not. any rocket or missile launch in northern korea is a missile launch for by rob. they are allies. they give each other technology. yesterday the president of the united states still clear that he will be the ally, the partner of the syrian opposition. dagen: serious how? what is next? what power does this give the rubble group and where does it take it? >> president obama said that he is not going to send weapons at this point in time. he will be calling for further economic financial and diplomatic measures here and elsewhere. we think that the new leadership of the opposition will sideline before we engage. dagen: greatest threat to us right now. pick a country, pick a group. >> it will always be iran. it is still growing. they have done benghazi. they may do more in the future, unfortunately. dagen: it was great to see you. thank you for your
and melissa. up 125 points. after two days of selling we are seeing some market action to the upside. we are above the 13,000 mark, well above that. 13,076. the nasdaq squeezing it out. concern for apple, but financials are doing well. let's take a look at the group. laying off 11,000 workers, that is the plan. a new ceo in place and he wants to make his mark. up 6.5%. it is under pressure, nowhere near $700 for the all-time high in september. the latest findings other actually going to use the market share for the ipad to the android in some microsoft folks, they're facing intense competition. with the findings you see stocks down 4%. back to you. melissa: interesting. lori: thank you. melissa: a battle for a deal inn the fiscal cliff continues, democrats cannot seem to find a compromise on top earners. rich edson is back in the white house with more. >> president obama said look, if republicans agree to my tax plan, we can get this deal done in a week.3 john boehner is waiting on the president, he says he's read hey to meet with the president at any time. we asked the president obama p
in europe? what about here and our lack of action in washington? >> obviously, i am very concerned. it shows a lack of confidence for investors. get behind closed doors in a serious way. it is ridiculous that the grover norquist pledge is taken by people we need to raise revenue. the president has to lead and not follow from behind on cutting the growth in entitlements. when people say we are going to cut spending, no, we are going to cut the growth of spending. medicare, medicaid, social security and other discretionary things in the budget. the gap is too wide. other people have pointed out we need revenue at 18.5% of gdp. we need expenditures at 21%. another point that i would like to make is the consumer has pretty much tapped out. if you look at nominal gdp it was up in the last quarter, personal income is only up 3%. that is a bad sign people are just saving and in solving credit is going back up. installment credit is up 11.7% year over year. a lot of these factors do not bode well. dagen: thank you for shaking me up this morning, scott. it was great to see you, as always. terrific in
inflation hits. >> you know, i just believe we are in a holding action until we resolve these immediate political problems. i agree with you was. this is a political crisis first and foremost. it is a weak economy. getting weaker. bond yields are going down. i think what peter speaks of is certainly possible in the near future. perhaps, the more distant future. bottom line, i expect more softening and a lack of confidence. >> the fact of the matter is, big government is very expensive. we need much higher taxes on the middle class. not on the rich, on the middle class. if they do not want to get stuck with this bill, we better start slashing -- [talking over each other] liz: we have to leave it there. thank you very much. really appreciate it. heading north for the winter. canada needs workers. out of work americans are happy to oblige. this is really an amazing story. oil is now trading just north of $90 a barrel. just down a fraction of a point. we will be right back. ♪ liz: welcome back. things are calming down from yesterday when a powerful winter storm pounded the nation's midsec
ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. can i still ship a gift in time r christmas? ah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >> i have your fox business brief. stocks hitting a boost that progress is being made in the fiscal cliff negotiations. business economists believe the country was the modest growth in 2013 with strength coming from a further rebound in housing. it is looking for the economy to grow 2.1% next year. economists also believe unemployment will average 7.7% for all of next year. the online marketplace will be adding falling skies and the closure to it instead video. that is the latest from the fox business network. giving you the power to prosper. ♪ dagen: the white house confirming what rich edson has been reporting for you. the president and the speaker are meeting at the white house to continue their discussions
, nicole petallides on tte floor of the new york stock exchange with some action influencing things. nicole: this is a big deal, particularly in media. let's take a look at how the stocks are faring. nielsen 3.7%, so this is a deal that has been in theeworks, moving to new 5 50 a new 52-week high on this deal, $1.3 billion deal as far as the value, and both are almost a monopoly in each of their industries. nielsen ratings determine about $70 billion in annual television ads spending and together these two names when you put them together will have basically an average revenue of about $6 billion. a key tie up, you can see it was obviously to a premium, jumping almost 24%. melissa: thanks. a new round of cyber attacks aimed at stealing millions of dollars from u.s. banks that may leave your money at risk. adam shapiro following this story. >adam: falling 30 constitutional institutions. this is incredible threat from an expected to be launched sometime in the spring. i have already been doing it since 2007 testing earlier variants of the trojan spyware which they have allowing them to get in
. >> the action is in the senate. we cannot talk about the house where we spent last month talking about the house and the white house. the place to keep your eye on is the senate as harry reid and mitch mcconnell will be doing more out of public view than they will win public view which make it hard to analyze. maybe they are doing nothing but history in the last couple crises suggest at this hour the people to watch are those two. tracy: you are saying until the 30 first potentially we get republicans to come to the middle on this week it had a deal by midnight on the 30 first. >> what would have to happen for the scenario i just described would come to pass is you have to have mitch mcconnell and senate republicans agreed to let it come to a vote and not obstruct or block it. if they did if it got to a vote in the senate there would be a few republicans who would support it and that would be enough to get through the senate and back to the house the question is how many house republicans would vote for something that extends tax rates for many people but not all people into next year. they woul
with any associated metadata or action that you take with paid or sponsored content or promotions without any compensation to you. here is a good example of what could happen. you and your family are at applebee's having a dinner out. you post a picture on instagram. applebee's can go in turn and take instagram to use that photo in any way that it likes to. it does not have to pay you a cent for this. all of these changes will be taking effect on january 16. i always like to give you other options. there are lots of other names, sites like flickr, photo bucket, there are options out there. dagen: you no longer own it. they own it. i bet they change that if there is enough outrage. shibani: eye that this is a story to be continued. connell: what at which, out of a instagram photo. dagen: i would never be photographed eating. it is just not pretty. dagen: thank you, shibani. connell: we really learned a lot today. stocks now. nicole: i am glad you don't work right here. they photographed the booth. sometimes, i am eating. i am looking at goldman sachs. it was upgraded to a positive. the fin
investors get in on the action. melissa: we have been talking about it on fox business, the next great government bailout. going to save the federal housing administration. time for stocks as with every 15 minutes, let's had before the new york stock exchange, nicole petallides standing by. down 13. nicole: this is one of those markets with a lot of anticipation. every focuses on the fiscal cliff. tomorrow is the all-important jobs report for a lot of folks have been hearing more economic news which has been more dismal lately. talk about more layoffs they have seen in november. right now the market is not too far off the unchanged line. the acidity holding 1400. the tech of the nasdaq still below 3000. today apple is now moving into the green and that is one of the reasons why it is holding on to a quarter percent gain. apple $700, 705 in september traded as low as 518 today. certainly has been under significant pressure, however people use that as a buying opportunity which is evidenced in the two-day chart. with the fiscal cliff fast approaching, naturally it's about time lawmakers
by their actions the lives of u.s. citizens. saying at one point, and this is a quote, he says i don't think anyone is alleging hsbc was the mastermind of many of these schemes. rather the compliance was so lax that it was allowed to happen. listen to what he said at the beginning of the conference about how hsbc helped governments rake the law. in his own words. >> on at least one occasion hsbc instructed a bank in iran how to format payment messages so that the transactions would not be blocked or rejected. by the united states. >> so hsbc, according to lanny brewer, actually told the governments in iran, the bank at iran, how to break u.s. law but they will not go after the individual's who might have shown the bank how to do it. we asked hsbc for the number of executives who have been subject to call back of the bonuses, the department of justice and hsbc have made a great deal, great fact of the number of executives who have had their bonuses clawed back. they refuse to give the number of executive to face clawback or the dollar amount. saying we are not providing details beyond those included
was really surprised by the action of the market. we will go into it a little bit more with the silverado. dagen: it is a little past quarter past the hour. >> the stock is up 3%. they are out with their latest earnings. profits actually missed expectations. one of the reasons is because of interruptions by super storm sandy. with that being said, it would have been a decent earnings report. there is a shift going on. a down shift. customers are not paying as much for the special services anymore. that is where they are seeing some weakness. we have the dow down six points right now. the s&p is off about 1.5. the first 30 minutes of trading, the dow crossed the unchanged mark 35 times. back to you. dagen: thank you, lauren. connell: we are talking about mortgage rates which are actually on the highs. bernanke, is he the one to give thanks for around the holidays and what will his holiday gift be? dagen: google maps back on the iphone. walt mossberg really loves it and says it has some better features in the google maps for android phones. he will tell you all about it coming up. take a lo
with the leader in mobile trading. so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it just common sense. from td ameritrade. it just common sense. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. ♪ lori: that dow is down. let's get a more in-depth check of the markets with nicole petallides on the floor of the stock exchange, and i know you have your eye on facebook. >> reporter: can we talk about lock us in the expiration's where the insiders who were originally involved in the ipo initial public offering back in may, times were they have the ability to get in there. we have seen that going on after may
with this information and dishonest thinking. it only delays meaningful action and all but guaranteed the next atrocity is only a news cycle away. the media calls semi automatic firearms machine guns. they claim that these civilian firearms are used by the military. they tell us that the two to three is one of the most powerful rival calibers, when all of these claims are factually untrue, they do not know what they are talking about. they perpetuate the dangerous notion that one more gun ban or one more law post on lawful people will protect us. many other laws have failed. as well-trained as those police work, when they responded, they were unable, through no fault of their own, unable to stop it. as parents, we do everything we can to keep our children safe. it is now time for us to assume responsibility for our schools. the only way, the only way to stop a monster from killing our kids is to be personally involved and invested in a plant of absolute protection. the only thing that stops a bad guy with a gun is a good guy with a gun. would you rather have your 911 call bring a good guy with a gun fr
of price futures group following all the action from the pits of the cme. why is not oil reacting more to the news out of egypt and for that matter syria, too? >> because the market is more concerned about the weakening demand and fiscal cliff and the fact that is up price are getting better. especially in the part of the world you normally look at when you're looking at the middle east. if you look at the brent crude contract it is leading the wti here in the united states to the downside. why is that? right now we're seeing major production come back online in the north sea which would be pushing more supply onto the market at a time where demand in europe right now is relatively weak. we're seeing that supply cushion. the other thing is the market has been pricing in a lot of worst-case scenarios. obviously doesn't seem to be getting a lot worse than what is happening but definitely it has been priced in to a certain extent, phil flynn, always knowledgeable. price futures group. >> thank you. lori: 'tis the season. the little town of rudolph, ohio, trying to save christmas. melissa:
to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. before facebook is joining the nasdaq 500. connell: shibani joshi in the newsroom with this story. shibani: it is about time if you are a facebook investor. it wanted to be in the presence of the tech grades. it will be part of the big leagues next week. it has included facebook and swap out emphasis. they will put facebook in its place. the beginning of the business day on december 12. you may not know what the nasdaq 100 is, but chances are, you probably own some of it. the nasdaq 100 includes some of the heaviest hitters in the technology industry. we are talking about google and apple. also some other names that you may not know of. dollar tree, starbucks. some interesting choices. this is a big index fund. a lot of them try to track the nasdaq 100 so they as a result will end up buying facebook shares. dagen: thank you, shibani. starbucks offering a limited edition $450 gift card made of stainless steal. it will come w
hobbit" is becoming a trend in hollywood. it took in $36.7 million. the action thriller starring tom cruise debuts in second place "this is 40" is coming in at third. that is followed by "rise of the guardians." dagen: i have no interest. dennis: okay. dagen: i will send all of my family to go see it. this woman was fired for being too attractive. this was in iowa. we will take that case apart. dennis: what will this mean for the fashion model business? first, take a look at the markets. ♪ >> i am lori rothman with your fox business brief. it is a sea of red. the driving force to turnover, one else, the fiscal cliff, now just seven days away. goldman sachs reinstating general motors with a vibrating and a $35 price target. goldman says gm will benefit from a fresh product cycle. santa claus is coming to town tonight. you will not be able to find him on google maps. norad has decided to switch for the first time. that is the latest from the fox business network. giving you the power to prosper. ♪ dagen: short trading session. let's take a look at how these markets are holding up.
and forth action after we heard from ben bernanke, putting a damper on things, does not sound positive these days, but the truth is we have the fed's committee deciding to put forward monetary policy, accommodative with quantitative easing. the dow,13219, boeing, united health care under pressure. on the plus side, travelers and walmart. that's the latest, back to you. cheryl: thank you very much, straight to harry reid, another democratic leader speaking on the fiscal cliff. >> with every passing day, the republicans calling on speaker boehner to guarantee tax cuts for middle class. today, senator cornen, the second ranking democrat next congress -- oh, sorry, don't i wish, second ranking republican next congress, joining in a course of voices to call on speaker boehner to do the reasonable thing saying "i believe we're going to pass the $250,000 below sooner or later, and we really don't have much leverage there because rates go up by operational law on december 31st." he said it all. that's the truth. more than three quarters of the american people including 61% of republicans agree
's why she trades with the leader in mobile trading. so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it'sust common sense. from td ameritrade. ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now through december 31st. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a month at your local mercedes-benz dealer. cheryl: time to make money with charles payne who is following up on health care sector stocks recommended on monday. thinking is doing all right. charles: beavis is up 10%. we were up 14% from your show on monday. had subscribers take profits on half but you have two things going on. they had really good news, going to cover a lot of this new drug they have which is for weight-loss. they will take care of a feared of the retail price for people who use it as a mail-order. that is big news but the daily milling suggesting johnson and johnson and/or after zeneca could be possible buyer
penalties of $665 million to resolve parallel regulatory actions brought by the office of the comptroller of currency and the federal reserve bank for a total recovery of over $1.9 billion. the resolution also requires hsbc to implement a series of compliance reforms that we expect to become a model in the financial industry. today's resolution involves multiple agencies and the culmination of years of investigation and analysis. the bank secrecy act investigation began here in the eastern district of new york as an outgrowth of a money-laundering case conducted by the eldorado task force, multi agency group led by the department of homeland security. led by groups to devise frank gregoryow and graham kline and carmelo guana. this is handled in conjunction with the -- cheryl: loretta trades for the eastern district of new york, this is happening or one across the water from us in manhattan, this is europe's largest bank, $1.92 billion settlement being sold right now and announced today. this has been going on for months since the summer. they will be $1.92 billion to settle as money-laund
will happen? that is why everybody is jumping on board. that is the action. you're seeing it up 33 cents at the moment. don't forget hp sunk to 10-year lows not long ago. last month as they, they made an acquisition. remember the acquisition of autonomy they had to relook at and turned out those numbers weren't what they thought they were. at least that's what they said. autonomy battled that. anyhow, there you go, winning day. lori: thanks, nicole. shibani joshi on the very latest on the outages plaguing google. melissa: is the solar power honeymoon over? empty promises from the solar industry as california counties asking where are the jobs and revenue went? ♪ amecans are always ready to worhard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations throu tough times. good times. never taking a bailout. there when you need the heping millions of america over the centuries. the strength of a global finanal leader. the heart of a one-to-one relationship. together for your future. ♪ lori: breaking
in the green today. good picks talked about before. >> absolutely. the theme, like 70's action. >> very action. >> something like that. two weeks ago, we talked about deckers, those ugly uggs, stock exploded, up 23% in two weeks. if anyone did it that day, and what i would do, take profits on half and use trailing stop now, 40s to stop. that's a big move in a short period of time. >> what else other than uggs? >> i think they have -- >> that's right. >> other things, but that's the big moneymaker for them. there's another beaten down stock that's high risk, but could be huge. diamond foods, okay -- >> that's what it's about; right? >> everybody knows the brand. kettle chips, pop secret, but management is horrendous. absolutely horrendous. got rid of the ceo, took back $3 million from the guy and restated numbers. they lost faith. the stock probably will never get back to where it was. they never regrain it, but all-time high and where they are trading now. the dilemma, rather, is spending, advertising. pull out spending, and, of course, they lose market share, but mar gyps are better. that's a
. washington once again waiting until the last minute to take action. will there be enough time to make a deal? heritage foundation budget analyst will be here next. keep it here on fox business. ♪ and back to markets now. i am adam shapiro. two hours to see if the trading session and a few days until the fiscal cliff with time running out, president obama meets with congressional leaders in one hour and they do what they haven't been able to do for months, years, make the deal. wall street is anxiously awaiting washington. the dow down 79 points. how will the cliff shape the final stretch for stocks in 2012? the lackluster holiday shopping season comes to an end, detail is slashing prices trying to break even and get you to spend some box. retail analyst christian benz tells us why it could be too little too late. time for stocks every 15 minutes on the fox business network. lauren simonetti on the floor of the stock exchange. anything change? >> may be accelerated the losses, the dow is down by 79 points, market's weighting in less than an hour we have the key meeting on how to avert a fis
. that's why she trades with the leader in mobile trading. so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event goi on now through december 31st. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a month at your local mercedes-benz dealer. melissa: after 14 straight years know via is not from the top spot of the number one cell phone brand. shibani joshi has the details. shibani: all good things must come to an end. the top smartphone makers out there, there is a new king being crowned today. it is no longer nokia. it is now samsung. it has a 29% market share around the globe. nokia is now at the number two spot. apple comes in at 10%. cheap phones and high-end phones, you have phones that cost $500, for the cost nine dollars. melissa: and they look good. shibani: this news came out a little bit earlier t
-third of 1%. we haven't been too far off the unchanged line. we're getting action to the upside. the vix, the fear index, is higher. you see the tech-heavy nasdaq is higher. s&p 500 up nearly half a percent so far. a winning week on wall street if you close the dow right here right now. you mentioned the big news of the day, $8.2 billion. ice buying nyse, the intercontinental exchange buying the new york stock exchange at a 38% people up why. that is why you see nyse shares jumping to new highs. jeffrey sprecher, ceo of ice and duncan niederauer ceo of nyx, they're obviously happy with this deal. sprecher went on to say, traders keep talking about it, he wants to keep the nyse floor the way it is. there has been talk about moving into more electronics and such but for right now that is not the tune that they're delivering. back to you. tracy: i'm sure a lot of guys down there are nervous about it. we'll talk more about that in 15 minutes. thank you, nicole. ashley: house speaker john boehner says he is very confident his so-called plan b for the fiscal cliff will pass in the house later
$120 million to settle some class action lawsuits per takening to some practices they had paying claims for out of network care. and, meantime jpmorgan actually raised aetna to an overweight from a neutral. to a certain extent this brings some clarity. when you have this type of thing overhanging a company or overshadowing the stock, now there's chrart. chart. this is -- another thing interesting, tracy and ashley is big lots. turns out the fbi is investigating because there is a 10 million dollar stock sale by the company ceo done ahead of a negative report. that is why the manhattan u.s. attorney with subpoena is looking to this. why would he sell ahead of negative reports, a $10 million stock sale? not good. number one loser in the s&p 500. back to you. ashley: all right, nicole. interesting. thanks very much. we'll be back in 15 minutes. tracy: tough new talk on the fiscal cliff. why house speaker boehner says president obama is deliberately pushing the country over it. ashley: all right. first look how the dollar is moving right now as we finish another week of trading. a mixed bag
in vision or hearing. this is the age of taking action. viagra. talk to your doctor. >> it is time to make money with charles payne. this hour we're taking a look at under armour. chars, this is a company that has come on so quickly and so strongly in sports equipment. >> it really has but here's the thing and i normally don't start these off with this sort of a caveat but don't buy it yet but i am looking at it, putting together some sort of a wish-list. it is right at a real key support point. but to your point, ashley, from 2001 to 2005 grew 100% revenue. last four years grown at 150%. obviously growing pretty much gangbusters not to the degree it is once growing. it is starting to lose high growth veneer, that, that usually affords you a higher margin. tracy: can i give you my anecdotal? >> sure. tracy: in my one little household, microcosm, it was so hot everybody had to wear under armour. this telling you lebron nike thing, took over. underarmor is nowhere to be found. >> underarmor has slowed down. wall street is cooling on the company. the stock is down. if it down here can hold, s
this one now -- not liking this one now? >> based on two things. the technical action in the stock is just awful, and there's been a lot of insider selling. here's a company that has beat earnings for eight of the last quarters, and my question is, why is this stock trading so poorly? we've got a bearish jake and power gauge rating that says the 20 factors all sort of sum up to a negative potential for the next six months. i prefer not to guess about stocks that are due to report earnings, so if it's got a -@bearish rating and they're due to report, i'd rather get that out of my portfolio and reevaluate once the earnings are out. they'll probably beat on the earnings per share, but the guidance may be weak enough to push this stock down. i'm just wondering why it's trading so poorly after eight straight quarters of positive earnings. cheryl: we're going to find out later this week when we hear from dollar general. mark, thank you very much for the advice, appreciate it. >> thanks, cheryl. dennis: president obama approving in michigan this hour as he tries to bring his fight to raise taxes
think, oh, do they know something about the fiscal cliff? not that at all. it is actually action in the middle east. reports of military exercises have commenced. military exercises in there and later in the week more military exercises. brent is off as well. heating oils are up. everything is up. even on a slow day here at the cme in chicago. dagen: good to see you, jeff. jeff flock reporting. thank you. the pentagon planning to deal with half a trillion dollars in budget cuts thanks to the looming cliff. gun sales rising over concerns of tighter gun control laws. we can find some winners in the stock market. here are some of those on the s&p. ♪ she knows you like no one else. and you wouldn't have it any other way. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor ab
reaction to no action. >> it definitely looks really bad right now. as if we may go over the cliff. i, you know, other people on this network know more than i do on this. the markets do not seem to be freaking out right now. it seems like they are perfectly happy to watch us go into the new year. everybody in america will see their paychecks shrink. they will see withholding go up. the payroll tax holiday will end. there probably will not be time enough to make sure that the withholding is according to the new rules as opposed to the old rules. nobody even knows what the rules are right now. there will be a bot of angry people in january trying to pay back the bills for the christmas gift that they got. dagen: what does this say, though, about the inability of the white house and congress to really do anything in terms of tax reform during the new year. given the divisions we have seen just in the election. >> even he has talked about some sort of tax reform. he is not the first president to be really bad with this. george bush had a republican congress and he was quite terrible. it was ba
and the country already just because of the lack of action? >> i think the president and the congress are right now not serving the people in the best fashion. we need the fiscal cliff resolved right away. this uncertainty causes great harm to the country, and we need very aggressive plans to reformulate our budget so that we don't have to have this uncertainty hanging over us so freakedly. you know, right now, american factories have a 20% price differential with competitors all through the the world. we need our system to be more competitive so we can grow. if we raise taxes on the job creators, on the factory owners, what happens is we'll be less competitive. the 20% will grow. we'll have less factories built here in america. it's very important that washington starts working out deals right away so that the fiscal cliff can be history, and we can focus on building factories, higher people, growing. dagen: well, they are not listening to you, drew. i hate to break it to you. in the interim, your company makes wire baskets and does sheet metal fabrication. based on what you see, how much of y
macedo covering all the action. diane, stocks climbing ever so slightly higher. all eyes must be on washington. are investors more encouraged we will get some kind of a deal, however you want to characterize it by midnight tonight? >> hi, lori, hi, ashley. doesn't seem like it if you look at market numbers. they're hiring when we started this morning but they're actually lower before the president started speaking today. the dow is up 45 points. nasdaq is up about 32, and s&p is up about nine. not a huge amount of optimism. still across the board green. we're keeping an eye on duff and phelps. this is a private equity firm, struck a deal to buy that company for $365 million that is 19% premium from the closing price on friday. duff is up almost 20% on the day. year-to-date up 8%. not a bad way to close out the year for duff and fellsps. back to you. lori: thank you. there is little optimism. the fact we heard from the president who seemed to helicopter in as liz macdonald was suggesting to me in the greenroom here and that we are seeing some numbers. looks like the tax cut thr
deadline. do you think you will get action by signing on a coffee cup? is this really for me? is this message really for us? tracy: i think it is a mandate from the ceo down to these, you know, stores. that is pretty big actually. lori: i mean they have a lot to lose or stand to gain depending on the tax changes. tracy: you start cutting a little money out of my paycheck i make my coffee at home. lori: that is great point. what are the chances that america goes over the cliff and our credit rating gets downgraded? the reality ahead. tracy: first here is how the dollar moving against its foreign currencies right now. we'll be right back but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account
edson is following the action. rich: there are cell phone communication and airports in his area of ohio. he can come back if he needs to do so. even after last night's 50 minute meeting with president obama at the white house, there still is no significant movement towards a deal on the fiscal cliff. they have a frank and open conversation last night and the lines of communication remain open. the major difference here between both sides is you have democrats wanting an immediate tax rate increase on families earning more than $250,000 a year, more revenue and more specific increases and for republicans, they are looking for more in spending cuts, more entitlement changes, more commitments of that nature from democrats and they are not getting that. you also have republicans discussing what amounts to a backup plan if the impasse continues and we do head towards the fiscal cliff and nearly every federal tax rate is said to increase. if that happens, what will the house of representatives due to lack if you do not have a deal by monday, you start, at least, procedurally, for getting this
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